Reinsurance Accounts Technician (IBA)

City of London
£35000 - £40000 per annum
06 Jan 2021
05 Feb 2021
MW Appointments
Job Roles
Accounts Assistant
Contract Type
Full Time

IBA Accounts Technician - Reinsurance to £40,000
We are now looking to recruit an IBA Technician to join our team.

This is an exciting and diverse dual purpose role that incorporates both a IBA Reconciliations Technician function, involving reconciling bureau signings with relevant transactions and releasing/collecting funds from bureau markets, and also as an Analyst working with the business to propose new ideas and efficiencies to help optimise the IBA bureau process.

Key Tasks & Responsibilities:
Carry out general IBA functionalities ensuring payments are settled promptly
Reconciliation of transactions and bureau signings
Ensuring the release of collected/due funds
Prepare, monitor and chase auto and manual statements
Monitor reports around the impact and potential solutions that prevent financial impact
Propose and assist in the development of electronic methods and system enhancements
Work with the business to improve processes and practices
Provide training to the business to improve performance
Attend regular review meetings with the business
Comply with internal procedures and external regulatory requirements and escalate issues to management.
Provide cover to other team members and ad hoc duties when requested by management.
Effective and speedy Market accounting payment cycles and resulting cash flow
Ensure payments to and from clients are managed effectively, on time and accurately
Maintain effective working relationships with all Associates to ensure the best possible environment for client service.
Monitoring and resolution to issues and queries is essential.
Ensure proficiency with all IT systems, specifically Open TWINS as the core servicing platform
Build partnership service relationships with defined clients, business units and regions
Develop team knowledge of all aspects of the current and future deliverables
Define, and implement clear instructions, controls and procedures.

Candidate Profile
A good understanding of the general and legal principles applicable to insurance in particular FSA client money rules.
An understanding of the workings of the London bureaux
Ability to compile, analyse and interpret information and data to facilitate decision making
Analytical and problem-solving skills, including research and investigation
Keenness to understand problems, and able to propose appropriate solutions that add value to the process
Able to use knowledge tools and the knowledge and skills of those around them to develop understanding
Ability to build and maintain good business relationships with the business, insurers and associates.
Ability to communicate effectively and professionally both verbally and in writing with stakeholders
Ability to manage time, prioritise and ensure that deadlines are met without compromising quality.
Effective delegation as appropriate.
Excellent presentation skills in both preparation and execution.
Shows a flexible approach to change.
Ability to achieve set individual and team goals and objectives.
Adopts right first time approach.
Professional and tactful negotiation and persuasion skills to achieve objectives.
Work in support of other team colleagues.
Ref 7843

MW Appointments is acting as an Employment Agency in relation to this vacancy.

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